However if you are looking for pure 10x-20x torque on an investment, in my opinion you cannot beat CSE: KCLI (American Critical Minerals, or OTC:APCOF in the U.S.) at under 0.20 with a valuation of ~$7M CAD.
You'll want to read this brief article I wrote (Nov 2024).
I cover how this project came to be, and why Simon Clarke, CEO, left American Lithium (where he helmed it during it's $1 billion peak valuation) to steer KCLI in the same direction.
"Cycle 5" in the Paradox Basin, Utah, is where Intrepid (NYSE: IPI) has been mining potash for over 50 years, and KCLI is a stone's throw away. Intrepid is certainly aware of KCLI's Green River asset.
KCLI are, IMO, two steps away from becoming a major player in the basin, with a valuation that'll make whose who ignored it, weep.
I believe it is one of the most perfect setups I've seen in the junior resource sector. Contact Mr. Clarke, or watch one of many interviews he's given on YouTube
So you do a full package that has like 1 on 1 tutoring eh? I'm considering it. There's not a lot of people I know who specialize in these little picks.
Hi Gabriel, upgrading to a Founder membership will give you direct access to my email for one on one Q&A. It's a cost efficient way to grow your network and get feedback from my end, which also taps my 30 year network for input. Otherwise as a Premium subscriber (only $8 USD/month) you are able to provide input via comments. Either way, thank you for your support.
After a little more digging I see Karnalyte (KRN) and KCLI as distinct plays due to their mineralization styles. Karnalyte’s Wynyard Project targets carnallite, which is trickier to mine due to its moisture-absorbing nature, requiring complex solution mining and yielding lower productivity. KCLI’s Green River Project focuses on sylvinite, a more stable and efficient mineral, with a massive 600M-1B tonne exploration target (higher grades than KRN) though still technically unproven. Mining carnallite raise costs and complexity, while sylvinite offers higher potential output if KCLI’s drilling succeeds. Finally, Karnalyte’s higher Phase 1 CAPEX ($789 million for 625,000 tpy) versus the theoretical scalability of KCLI's Green River project which could tap into Intrepid’s 86-year-old Moab model and modernized processing and infrastructure. Not to mention the lithium kicker which could add significantly to the overall value proposition.
Yeah the capex for Karnlyte seems daunting, although they do have some backers.
Reading through the reviews on MLP, they said saltwater is necessary for extraction and good for MLP because it's by the sea. (Karnalyte is way landlocked).
It's an advanced asset with a BFS. Yes, considerable dilution will be required if they decide to build the mine themselves. The resource is much smaller than KCLI (147 mt vs KCLI's "exploration target" of 600M to 1 billion mt of high grade potash with significant lithium kicker).
KCLI's setup is straightforward, requiring a few deep drills to confirm what Agapito concluded in their 43-101. They have infrastructure and skilled workforce 20km away with Intrepid's long-term mining operation, and Anson's advanced DLE lithium optimization well underway.
As far as short term torque and leverage go, KCLI has the advantage. The safer, long term bet is KRN. I wouldn't be against holding both for exposure to potash.
I'm in MLP and Sage. For MLP, wish I got in earlier in the year but it's been good.
You think MLP still has a big runway?
I'll look into this one.
MLP certainly has runway for growth.
However if you are looking for pure 10x-20x torque on an investment, in my opinion you cannot beat CSE: KCLI (American Critical Minerals, or OTC:APCOF in the U.S.) at under 0.20 with a valuation of ~$7M CAD.
You'll want to read this brief article I wrote (Nov 2024).
https://x.com/juniorminingpro/status/1857446315883708689
I cover how this project came to be, and why Simon Clarke, CEO, left American Lithium (where he helmed it during it's $1 billion peak valuation) to steer KCLI in the same direction.
"Cycle 5" in the Paradox Basin, Utah, is where Intrepid (NYSE: IPI) has been mining potash for over 50 years, and KCLI is a stone's throw away. Intrepid is certainly aware of KCLI's Green River asset.
KCLI are, IMO, two steps away from becoming a major player in the basin, with a valuation that'll make whose who ignored it, weep.
I believe it is one of the most perfect setups I've seen in the junior resource sector. Contact Mr. Clarke, or watch one of many interviews he's given on YouTube
https://www.youtube.com/results?search_query=simon+Clarke+American+critical+minerals
So you do a full package that has like 1 on 1 tutoring eh? I'm considering it. There's not a lot of people I know who specialize in these little picks.
Hi Gabriel, upgrading to a Founder membership will give you direct access to my email for one on one Q&A. It's a cost efficient way to grow your network and get feedback from my end, which also taps my 30 year network for input. Otherwise as a Premium subscriber (only $8 USD/month) you are able to provide input via comments. Either way, thank you for your support.
Any thoughts on KRN, another potash play in Saskatchewan. They have the deposit, will need money to build.
After a little more digging I see Karnalyte (KRN) and KCLI as distinct plays due to their mineralization styles. Karnalyte’s Wynyard Project targets carnallite, which is trickier to mine due to its moisture-absorbing nature, requiring complex solution mining and yielding lower productivity. KCLI’s Green River Project focuses on sylvinite, a more stable and efficient mineral, with a massive 600M-1B tonne exploration target (higher grades than KRN) though still technically unproven. Mining carnallite raise costs and complexity, while sylvinite offers higher potential output if KCLI’s drilling succeeds. Finally, Karnalyte’s higher Phase 1 CAPEX ($789 million for 625,000 tpy) versus the theoretical scalability of KCLI's Green River project which could tap into Intrepid’s 86-year-old Moab model and modernized processing and infrastructure. Not to mention the lithium kicker which could add significantly to the overall value proposition.
Yeah the capex for Karnlyte seems daunting, although they do have some backers.
Reading through the reviews on MLP, they said saltwater is necessary for extraction and good for MLP because it's by the sea. (Karnalyte is way landlocked).
Just learning about potash extraction myself.
It's an advanced asset with a BFS. Yes, considerable dilution will be required if they decide to build the mine themselves. The resource is much smaller than KCLI (147 mt vs KCLI's "exploration target" of 600M to 1 billion mt of high grade potash with significant lithium kicker).
KCLI's setup is straightforward, requiring a few deep drills to confirm what Agapito concluded in their 43-101. They have infrastructure and skilled workforce 20km away with Intrepid's long-term mining operation, and Anson's advanced DLE lithium optimization well underway.
As far as short term torque and leverage go, KCLI has the advantage. The safer, long term bet is KRN. I wouldn't be against holding both for exposure to potash.
Copy that.